As September begins, crypto investors eagerly search for the next big opportunity. While September is typically a challenging month for the crypto market, the 4th quarter often brings significant gains. Adding to the momentum is the highly anticipated Korea Blockchain Week, which could boost market sentiment. With this backdrop, Stu L, a crypto expert from Altcoinbuzz, shares his top 3 altcoins that could see a major pump in September. Let’s take a closer look at these tokens with huge potential.
The First Altcoin: Oraichain (ORAI)
All of the coins discussed today share one thing in common: they are small-cap altcoins. Small caps often follow large-cap movements, which in turn follow Bitcoin’s performance. Oraichain is a Layer 1 blockchain and an AI-powered Oracle solution that runs on Cosmos IBC. This platform allows developers to build applications and utilize its AI oracle for off-chain data, including stock prices, weather conditions, or real estate prices.
At the time of writing, Oraichain’s token is priced at $5.35 and has shown a healthy 225% gain over the last year. However, it has experienced a 60% decline in the past 90 days. This drop appears to be a consolidation phase before the next major move. With a market cap of just under $100 million and 90% of the ORAI token supply already in circulation, there is no surprise unlock event looming. ORAI’s all-time high of $105 was reached in 2021. Should the token revisit that level, it could offer a 20X gain for investors. Additionally, the downside risk seems lower than many other crypto projects at this price point.
The Second Altcoin: Alex Lab (ALEX)
Next up is Alex Lab (ALEX), which positions itself as the financial layer for Bitcoin. This project enables the creation of financial applications such as DeFi, DEXs, and BRC-20 protocols on the Stacks blockchain, which is the largest Layer 2 network for Bitcoin. Stacks is undergoing a major upgrade to reduce block times, and ALEX stands to be one of the biggest beneficiaries of these improvements. Liquidity staking options are also available for the ALEX token, although not for Bitcoin.
With a market cap of $90 million and 80% of its total supply in circulation, ALEX has experienced a 22% decline over the past 30 days but is still up 97% over the last year. While ALEX is still relatively unknown, it’s gaining traction as more people discover and use it.
The Third Altcoin: Clearpool (CPOOL)
Today’s theme focuses on small caps and those in hot, growing sectors. Clearpool (CPOOL) fits the bill perfectly as a decentralized credit platform that operates without the over-collateralization requirements seen in most DeFi lending protocols. Clearpool is also one of the first platforms to dive into the Real World Assets (RWA) sector by offering institutional lending. To date, they’ve facilitated over $600 million in loans.
With a market cap of just $68 million, CPOOL is the smallest of the three altcoins mentioned today. Like the others, CPOOL has faced declines, losing 17% over the last 30 days and 33% over 90 days. Despite this, CPOOL has still managed to surge 577% over the past 12 months and remains far from its all-time high of $2.55, meaning it could also potentially offer a 20X return.
Disclaimer: The opinions expressed in this article belong to the expert and are not investment advice. Always conduct your own research before making any financial decisions. For more insights, visit The Bit Journal.